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Bloomberg· 2026-02-18 13:36
India and the UK formed a task force to develop offshore wind projects in the South Asian country, which is looking to harness at least 71 gigawatts of potential energy off its coastlines https://t.co/gHlMIAQZRa ...
The Andersons Posts Strong Earnings Beat as Renewables and Agribusiness Drive Record Profit
Financial Modeling Prep· 2026-02-18 13:33
Core Insights - The Andersons, Inc. reported fourth-quarter adjusted earnings of $2.04 per share, exceeding analyst expectations of $1.56, while revenue was below forecasts at $2.54 billion compared to the expected $3.28 billion [1] Financial Performance - Adjusted net income reached a record $70 million for the quarter, driven by strong contributions from the Renewables and Agribusiness segments [2] - Adjusted EBITDA increased to $136.5 million from $116.5 million in the prior-year quarter, despite a revenue decline from $3.12 billion to $2.54 billion [3] Segment Contributions - The Renewables segment generated pretax income of $54 million, benefiting from improved ethanol board crush margins of $0.15 per gallon year over year and $15 million in 45Z tax credits [4] - Agribusiness contributed $46 million in pretax income, supported by favorable basis appreciation in corn and sorghum during a record corn harvest season [4] Full-Year Performance - For the full year 2025, adjusted earnings were reported at $3.23 per share with adjusted EBITDA of $337.3 million, compared to $3.40 per share and $363.4 million in 2024 [4]
Zeo Energy Signs MOU with Creekstone Energy to Develop 280 MW of Baseload Power for Utah AI Data Center
Globenewswire· 2026-02-18 13:30
Core Viewpoint - Zeo Energy Corp. has signed a memorandum of understanding with Creekstone Energy to develop approximately 280 megawatts of baseload energy generation for a data center in Millard County, Utah, indicating a strategic expansion into the energy market for cloud computing and AI [1][2]. Company Overview - Zeo Energy Corp. is a diversified clean energy company focused on providing residential, commercial, industrial, and utility-scale solutions aimed at reducing costs and carbon emissions [8]. - The company operates Sunergy, a residential solar and distributed energy business, and Heliogen, which specializes in long-duration energy generation and storage [8]. Strategic Initiatives - The MOU with Creekstone is part of Zeo's strategy to leverage its long-duration energy solutions in response to the growing power demands of data centers, particularly driven by AI workloads [2][7]. - Following the acquisition of Heliogen in August 2025, Zeo aims to apply its expertise in long-duration energy storage to meet the unprecedented power demand in the data center sector [3][7]. Project Details - Creekstone plans to provide over 300 megawatts of gas-powered energy to data center clients at the Gigasite, with an initial 50 megawatts allocated to Blue Sky AI Inc. [4]. - The Gigasite is designed to support the energy and cooling demands of large-scale AI computing, with plans to expand power production to multiple gigawatts [4][9]. Activities Under the MOU - Zeo has initiated a pre-feasibility study to identify the most energy-efficient and cost-effective solar power and energy storage solutions for the Gigasite [5]. - The MOU outlines potential project financing for solar and storage solutions, as well as engineering services including Front-End Loading and Front-End Engineering Design studies [6]. Management Commentary - Zeo's CEO emphasized the importance of the MOU as a milestone in addressing the power demands of data centers and highlighted ongoing discussions for additional projects that could benefit from Zeo's clean baseload power solutions [7]. - Creekstone's CEO noted the urgency of providing baseload power to meet the demands of AI workloads and the collaboration with Zeo as a means to expand clean power offerings [7].
‘Clean’ Company Index Trounced Peers Over Past Decade
Yahoo Finance· 2026-02-18 12:25
Group 1 - The Clean200 index, which includes US companies generating over half their revenue from sustainable activities, has outperformed the broader market with a gross total return of 283% since July 1, 2016, compared to 221% for the MSCI ACWI and 111% for the MSCI ACWI/Energy Index [2] - Companies in the Clean200 index have been growing revenues at rates approximately double those of the larger economy, indicating strong performance despite varying market conditions [3] - The index is heavily weighted in sectors such as industrials, consumer discretionary, materials, information technology, utilities, health care, and communications, reflecting a diverse range of sustainable investments [4] Group 2 - Renewable sources of electricity accounted for over 90% of the world's added capacity last year, with significant contributions from states like Texas, which leads in wind energy production and is a major solar producer [4] - Major companies like Amazon, Apple, Microsoft, Tesla, and Contemporary Amperex Technology Co. are prominent in sustainable investment funds, such as the iShares ESG Aware MSCI USA ETF, which has returned an average of 13% over five years [6]
Grenergy signs ten-year tolling deal for Oviedo battery project
Yahoo Finance· 2026-02-18 10:09
Core Insights - Grenergy has signed a ten-year financial tolling agreement for its 150MW/600 megawatt-hour battery project in Oviedo, Spain, marking a pioneering transaction in the Spanish market [1][2] - The Oviedo project is part of Grenergy's Greenbox platform, which is under development across Europe and represents the largest stand-alone battery initiative announced in Spain to date [2][4] - The project is expected to commence operations in the first half of 2027, with the tolling agreement starting in January 2028 [2] Company Strategy - Grenergy will manage the operation of the asset and battery trading, aiming to enhance its presence in Europe's evolving energy landscape [3] - The Greenbox platform includes a pipeline exceeding 30 gigawatt-hours (GWh) of stand-alone battery storage projects across key European countries [4] - The company is actively seeking opportunities to expand the Greenbox pipeline and establish new tolling agreements in various European markets [4] Industry Impact - Investment in battery storage is crucial for upgrading the electricity grid, allowing for energy storage during high production and release during peak demand [5] - This investment contributes to reducing price fluctuations, facilitating the integration of renewable energy sources, and enhancing grid stability [5] - Grenergy's CEO expressed confidence in replicating the success of previous platforms in the European market, particularly in Spain, where potential is significant [6]
Lydian Energy secures $689m in funding for US solar and battery projects
Yahoo Finance· 2026-02-18 10:03
Lydian Energy has secured $689m in financing to support the development of two solar power projects and one battery storage project in the US. The funding, provided by CIBC and MUFG, will be used for the AC Ranch 1 solar project in New Mexico, the Yellow Viking facility in Texas and the Faraday BESS (battery energy storage system) in Utah. The financial package includes a construction-to-term loan, a co-investment bridge loan, a tax credit bridge loan and a letter of credit facility. AC Ranch 1 is a 75 ...
ReNew Energy Global Plc Q3 2026 Earnings Call Summary
Yahoo Finance· 2026-02-18 01:08
Management is strategically reducing wind capacity in the committed portfolio from 2.5 GW to 850 MW, replacing it with Solar and Battery Energy Storage Systems (BESS). The pivot away from wind is driven by three factors: significantly lower BESS and solar capital costs, higher historical variability in wind resource patterns, and easier land acquisition for solar in regions like Rajasthan. Portfolio optimization has reduced expected CapEx for the build-out by approximately INR 60 billion while only ma ...
Revolve Receives Final Approval for Canadian Securities Exchange Listing
Accessnewswire· 2026-02-17 23:56
Shares in Revolve to begin trading on CSE on February 19, 2026 VANCOUVER, BC / ACCESS Newswire / February 17, 2026 / Revolve Renewable Power Corp. (TSXV:REVV)(OTCQB:REVVF) ("Revolve" or the "Company"),a North American owner, operator and developer of renewable energy projects, is pleased to announce that it has received final approval from the Canadian Securities Exchange (the "CSE") to list the Company's common shares ("Common Shares") on the CSE (the "Listing"). The Common Shares of the Company are expect ...
Investor Notice: Robbins LLP Informs Investors of the Enphase Energy, Inc. Class Action
Businesswire· 2026-02-17 21:31
SAN DIEGO--(BUSINESS WIRE)---- $ENPH #Energy--Robbins LLP informs stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Enphase Energy, Inc. (NASDAQ: ENPH) securities between April 22, 2025 and October 28, 2025. Enphase is a global energy technology company focusing on solutions for solar generation, storage, and communication. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbin ...
Clearway Energy, Inc. Increases Quarterly Dividend to $0.4602 per Share
Globenewswire· 2026-02-17 21:01
Core Viewpoint - Clearway Energy, Inc. has declared a quarterly dividend of $0.4602 per share for its Class A and Class C common stock, reflecting a 1.6% increase from the previous quarter's dividend [1] Group 1: Dividend Announcement - The quarterly dividend of $0.4602 per share is payable on March 16, 2026, to shareholders of record as of March 2, 2026 [1] - The annualized dividend amount is $1.8408 per share, up from $1.8112 per share in the fourth quarter of 2025 [1] Group 2: Company Overview - Clearway Energy, Inc. is a major owner of clean energy generation assets in the US, with a portfolio of approximately 12.7 GW of gross capacity across 27 states [2] - The company's portfolio includes 9.9 GW of wind, solar, and energy storage, along with over 2.8 GW of dispatchable power generation [2] - Clearway Energy aims to provide stable and growing dividend income to its investors through its diversified and primarily contracted clean energy portfolio [2]